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Practice mode Characteristics and Institutions of Developing Countries

What is a country’s capital stock?

Correct answer C. Sum of previous gross investment minus depreciation

Explanation

Capital stock is the accumulated value of past gross investment after subtracting depreciation, representing the machinery, buildings and infrastructure the economy currently has.

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Question 01 Characteristics and Institutions of Developing Countries

What are export primary commodity concentration ratios?

Correct answer A. Food, raw materials, minerals and organic oils and fats as a percentage of total merchandise exports

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Question 02 Characteristics and Institutions of Developing Countries

What is economic rent?

Correct answer C. Is the payment above the minimum essential to attract the resources to the market

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Question 03 Characteristics and Institutions of Developing Countries

The informal sector includes which of the following: I. artisans, cottage industrialists, petty traders; II. garbage pickers, unauthorised taxis, repair persons; III. the self-employed; IV. activities with little capital, skill or entry barriers?

Correct answer C. All of I, II, III and IV

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